Facebook Sued for $15 Billion

Since Facebook’s IPO last Friday a suit has been filed in the Federal Court of California combined with 21 cases around the country relating for improper user tracking.

Basically, Facebook have invaded users privacy by tracking them when they were NOT logged in.

The suit is based upon the US Wiretap Act and says that based on this law, it “provides statutory dames of the greater of $100 per violation per day, up to $10,000, per Facebook user.”

According to Bloomberg,

Facebook, which sold stock in an initial public offering valuing the company at about $104 billion, has been scrutinized by regulators in the U.S. and Europe over how it protects users’ private data. Last year, a German data-protection agency said it may fine the company over facial-recognition software used for tagging photos.

What are your thoughts on this? Are you worried that Facebook could abuse our privacy rights with the huge amount of data they collect on us all?